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Results for Sotheby's (Auctions)

871 articles · 21 videos found · page 5 of 30

The November 2024 Geneva Auctions Retrospective - Highlights Fratello
Nov 26, 2024

The November 2024 Geneva Auctions Retrospective - Highlights

Recent auctions in Geneva concluded with a relative bang. Eye-watering results occurred for some truly rare pieces. For many watches, though, the sales were solid but not awe-inspiring. I’ll kick off today’s article with my thoughts on the market, and then we’ll look at several lots. My colleague Lex recently penned an article about the […] Visit The November 2024 Geneva Auctions Retrospective - Highlights to read the full article.

Business News: Sam Hines (Re)Joins Sotheby’s SJX Watches
Patek Philippe ref 2526 Jun 8, 2024

Business News: Sam Hines (Re)Joins Sotheby’s

Sotheby’s has just announced that Sam Hines will be Chairman of Watches, the top job in the watch and clock department, starting end June 2024. Mr Hines (pictured above left) will be based in Hong Kong, where he has lived for over a decade. Having been expected by the industry for several months, Mr Hines’ new role sees him to return to a traditional auction house four years after he left Sotheby’s to join online auctioneer Loupe This. Mr Hines was also a freelance consultant during that time and continued to work with Sotheby’s. He was instrumental in securing several high-profile timepieces for the auction house, including the Patek Philippe ref. 2526 with movement number 760’000 that once belonged to J.B. Champion and sold for over US$731,000 including fees earlier in 2024. Alongside Mr Hines’ appointment, Sotheby’s also announced the promotion of Geoff Hess (above right) to Global Head of Watches. Previously the head of department in the Americas, Mr Hess will continue to be based in New York. Prior to joining Sotheby’s in August 2023, Mr Hess was a watch specialist the Phillips.  

Editorial: Geneva Auctions Spring 2024 Part II SJX Watches
Patek Philippe Grande Sonnerie ref 6301A May 17, 2024

Editorial: Geneva Auctions Spring 2024 Part II

The spring auction season in Geneva started dramatically enough with a cyberattack at Christie’s that took down its website and app. Only Watch went ahead as scheduled, however, and raised over CHF28.3 million, with most of that coming from the Patek Philippe Grande Sonnerie ref. 6301A that sold for CHF15.7 million. What transpired at Only Watch also played out in the subsequent auctions over the weekend. The live sales at the four auction houses, Antiquorum, Christie’s, Phillips, and Sotheby’s, sold almost CHF85 million of watches, including fees (excluding Only Watch). This compared to over well CHF110 million for Geneva’s fall season last year. Although the sale season six months ago was buoyed by an extra live auction at Christie’s (that was subject of much chatter), the diminished total for this season reflects the state of the market. The waning sentiment was palpable in all the salerooms. That said, the auctions did throw up a handful of grand surprises, including CHF3.13 million for the Patek Philippe ref. 605 HU world time pocket watch with cloisonné enamel dial at Antiquorum, and CHF1.16 million for the Rexhep Rexhepi Chronomètre Contemporain I at Phillips. Christie’s sold the most expensive wristwatch this season with CHF2.47 million for a Patek Philippe ref. 1518 “pink on pink” (above), though Antiquorum claimed the title for most valuable timepiece with its ref. 605 HU pocket watch. Image – Christie’s The good and great indies One of the ...

Watch Auctions And Temptation: A Cautionary Tale Fratello
Feb 28, 2024

Watch Auctions And Temptation: A Cautionary Tale

As hunter-gatherers by nature, we humans have always liked collecting. And when it comes to collecting, one attribute has always stood out as desirable - rarity. When something is rare, it’s exclusive by definition. Not many can possess a rare item. This rarity and desirability make such items valuable. Unfortunately, since greed is also a […] Visit Watch Auctions And Temptation: A Cautionary Tale to read the full article.

Sotheby’s sale of two George Daniels x Roger Smith watches had a record-breaking result Time+Tide
Patek Philippe watches But it Nov 8, 2023

Sotheby’s sale of two George Daniels x Roger Smith watches had a record-breaking result

When a big auction house presents their latest catalogue of lots, it is expected that it will be filled with various Rolex and Patek Philippe watches. But, it is not an everyday occurence for two incredibly rare and historically significant watches from the likes of George Daniels and Roger W. Smith to pop up – … ContinuedThe post Sotheby’s sale of two George Daniels x Roger Smith watches had a record-breaking result appeared first on Time+Tide Watches.

Highlights: Independent Watchmaking at Sotheby’s Hong Kong SJX Watches
Richard Mille RM 53-02 Oct 2, 2023

Highlights: Independent Watchmaking at Sotheby’s Hong Kong

Following our look at notable complications and artisanal masterpieces on offer at Sotheby’s Important Watches I in Hong Kong, we now consider the independent watchmaking highlights in the sale that takes place on October 7. The offerings in the sale range from establishment names like Philippe Dufour – on offer is a Simplicity 37 mm in platinum made after the original run – to newcomers like Pascal Coyon with a Besançon Observatory-certified chronometer. And the highlights also include the headline lot of the auction, the extravagant Richard Mille RM 53-02 in blue sapphire crystal. Important Watches I happens on October 7, 2023. Registration for bidding and the full catalogue can be accessed here.  The Richard Mille RM 53-02 Lot 2116: Pascal Coyon Chronometre  One of the most affordable offerings in the sale is the Pascal Coyon Chronometre, a watch inspired by the French watchmaker’s career as a watch and clock repairer in Bayonne. Though based on a Unitas 6498, Mr Coyon’s hand-wound movement bears a strong resemblance to classical 19th-century pocket watches from the likes of Longines. While the movement is still a Unitas 6498 at its core, it has been dressed up with frosted bridges and a snail cam regulator, amongst other things. Being one of his earlier watches, this has a plain, 42 mm polished steel case with a stepped bezel and a white lacquered dial with red numerals for “12” and “60”, complemented by Breguet-style hour and minute hands. This ...

5 of our favourite watches available via Sotheby’s x Bucherer Certified Pre-Owned Time+Tide
Sep 11, 2023

5 of our favourite watches available via Sotheby’s x Bucherer Certified Pre-Owned

According to the Boston Consulting Group, pre-owned watch sales accounted for nearly one third of the total watch sales for the year – with pre-owned watch sales representing $22 billion of the $75 billion in watch sales for the year. Pre-owned watch sales are also projected to overtake first-hand ones by 2033 according to Bloomberg. … ContinuedThe post 5 of our favourite watches available via Sotheby’s x Bucherer Certified Pre-Owned appeared first on Time+Tide Watches.

FRIDAY WIND DOWN: Geoff Hess joins Sotheby’s as Head of Watches for the Americas Time+Tide
Aug 11, 2023

FRIDAY WIND DOWN: Geoff Hess joins Sotheby’s as Head of Watches for the Americas

It’s that time of year where the Swiss typically go on holiday, which means there’s less news about fresh releases this week. Nonetheless, some big news was announced at Sotheby’s, when Geoff Hess was revealed as the esteemed auction house’s new Head of Watches for the Americas region. “It is my honour to take up … ContinuedThe post FRIDAY WIND DOWN: Geoff Hess joins Sotheby’s as Head of Watches for the Americas appeared first on Time+Tide Watches.

Highlights: Sotheby’s Hong Kong Fine Watches Online SJX Watches
Patek Philippe complications Jul 5, 2023

Highlights: Sotheby’s Hong Kong Fine Watches Online

The summer tends to be a quiet period in the watch world since most of Switzerland goes on holiday. However, Sotheby’s Hong Kong is staging one major event before the summer lull with an online sale running for just over a week. Fine Watches opens on July 5th and runs until the 14th featuring 272 lots ranging from Patek Philippe complications to simple time-only Cartier. We cover highlights from the sale below – the catalogue can be seen here – but before that we look at something special. Happening alongside the online auction is a sealed auction for an Patek Philippe Sky Moon Tourbillon ref. 5002P-013 with a custom-order black dial that runs online from July 13-21. The ref. 5002P once held the title of most complicated wristwatch Patek Philippe ever produced and remains a landmark in Patek Philippe watchmaking. Not only is this ref. 5002P possibly unique thanks to the striking black dial, it is also double sealed – in other words brand new. Since 2017 Patek Philippe has banned its retailers from selling sealed watches and so an double-sealed example of a special-order grand complication on the secondary market is rare. This double-dial complication offers an incredible opportunity to collectors, since the last time we saw this a sealed example of this reference at auction was back in 2018 at Antiquorum where it sold for just under US$1.2 million, and that was just single sealed. Prices have naturally climbed since then. In fact, this example mirrors the one that ...

Editorial: Happenings at the Geneva Spring Auctions 2023 SJX Watches
Patek Philippe Nautilus ref 5980/1400G – May 20, 2023

Editorial: Happenings at the Geneva Spring Auctions 2023

The Geneva auction weekend is typically a good barometer for where the market is headed in the near term because it’s the opening act of the season, with the Hong Kong and New York sales following later in spring. At the same time, the Swiss city is also where many of the serious players and would-be players turn up during the auctions, perhaps because its more central location compared to its North American and Asian counterparts. Inching downwards Trends that became clear last season – six months ago – continued into the spring sales. Most obviously, the values of “hype” watches have continued to creep downwards. This was exemplified by the Patek Philippe Nautilus ref. 5980/1400G – white gold and entirely set with diamonds – that sold for CHF533,400 including fees. While times were good, the model was a million dollar (or franc) watch – the exact same watch sold for CHF937,500 a year ago at Phillips. More notably, the last time an example, before the pandemic at Christie’s in 2018, it achieved CHF612,500. Prior to the auction season, independent watchmaking appeared to be resisting the forces of gravity, with demand and prices for such watches continuing to be robust. Now it appears the genre is enduring the same decline as sports watches with integrated bracelets. Take for example the unique Voutilainen Minute Repeater 10 with a steel case and open dial sold at Phillips for CHF342,900 – a solid result but more or less its original retail price. Just ...

Three post-sale lessons from Sotheby’s Important Watches Parts I & II Time+Tide
May 19, 2023

Three post-sale lessons from Sotheby’s Important Watches Parts I & II

Following on from Sotheby’s Important Watches: Part I and Part II on the following day, it’s always interesting to go through and assess not only the value of the watches themselves but any emerging trends and patterns. Whether you’re trying to figure out what the next best investment piece may be, or just keeping up … ContinuedThe post Three post-sale lessons from Sotheby’s Important Watches Parts I & II appeared first on Time+Tide Watches.

Want to dabble in high-end watch auctions but lack the cash? FutureGrail may have the solution Time+Tide
Rolex Yacht-Master Apr 27, 2023

Want to dabble in high-end watch auctions but lack the cash? FutureGrail may have the solution

Let’s face it. For most of us, who don’t work in finance or have somehow failed to win the lottery (so far) or be fathered by a particularly indulgent Sheikh, reading about watch auctions is a form of fantasy window shopping. “Hmm,” you nod to yourself approvingly when reading about the platinum Rolex Yacht-Master that … ContinuedThe post Want to dabble in high-end watch auctions but lack the cash? FutureGrail may have the solution appeared first on Time+Tide Watches.

Highlights: Artisanal Timepieces at Sotheby’s Hong Kong SJX Watches
Audemars Piguet Rolls Royce Phantom II” Apr 1, 2023

Highlights: Artisanal Timepieces at Sotheby’s Hong Kong

Having covered the notable from independent watchmaking and complications at Sotheby’s Hong Kong auction on April 5, we turn to timepieces that are all about artisanal crafts, ranging from cloisonné and marquetry. Amongst the highlight is a Patek Philippe Dome Clock depicting the African savannah in cloisonné and another is the Cartier Tortue ref. 2496 with the jeweller’s signature panther motif. Important Watches I takes place on April 5, 2023. Registration for bidding and the catalogue can be accessed here. Lot 2101: Cartier Tortue LM Panthere This wristwatch two enduring elements of Cartier design, a form case and the panther motif. It’s a large-size Tortue – French for “turtle” – with a panther on the dial in champleve enamel. The large variant of the Tortue (instead of the oversized “XL”), this measures 34 mm in diameter, giving the dial ample real estate for the panther. The panther’s visage is executed in champlevé, where the dial base is first engraved with the motif before being painted and fired. This is powered by the cal. 430 MC, an ultra-thin manual mechanical movement that is actually the Piaget cal. 430P. Accompanied by its box and papers, this has an estimate of HK$200,000-300,000, or about US$25,000-38,200. You can find out more in the catalogue. Lot 2131: Audemars Piguet “Rolls Royce Phantom II” Before becoming synonyms with the Royal Oak, Audemars Piguet (AP) produced a diversity of elaborately decorated wrist- and pocket watc...

Why Andy Warhol’s Patek Philippe ref. 2526 up for sale at Sotheby’s is the one to buy Time+Tide
Patek Philippe ref 2526 up Mar 4, 2023

Why Andy Warhol’s Patek Philippe ref. 2526 up for sale at Sotheby’s is the one to buy

Trends come and go, and the hype around particular watches, or watch segments, shift over time. These days, for example, integrated designs are all the rage – particularly in steel. And certain bold colour expressions begin to inundate the market, becoming certified colours of the year. But, while many lust over various in-trend watches of … ContinuedThe post Why Andy Warhol’s Patek Philippe ref. 2526 up for sale at Sotheby’s is the one to buy appeared first on Time+Tide Watches.

Highlights: Avant-Garde Complications at Sotheby’s Hong Kong SJX Watches
Girard-Perregaux Minute Repeater Tri-Axial Tourbillon Oct 3, 2022

Highlights: Avant-Garde Complications at Sotheby’s Hong Kong

After looking at some of the highlights of independent watchmaking and unorthodox sports watches at Sotheby’s upcoming sale in Hong Kong, our final instalment covering notable lots is all about avant-garde complications – most of which are far more affordable than the original retail prices suggest. Naturally the selection is by big-ticket mega watches such as the Patek Philippe Sky Moon Tourbillon, but it includes several more creative and intriguing watches that aren’t widely known. Amongst them are a pair of Harry Winstons with exceptionally complex reinterpretations of the tourbillon, along with a Ulysse Nardin featuring a pulley-operated retrograde hand. Important Watches I starts at 10:00 am (GMT +8) on October 5, 2022. Registration for bidding and the full catalogue can be accessed here. Lot 2171: Girard-Perregaux Minute Repeater Tri-Axial Tourbillon Best know for the Tourbillon with Three Gold Bridges, Girard-Perregaux (GP) counts far more complex iterations of the tourbillon amongst its offerings, including this tri-axial tourbillon. Though launched in 2014, the tri-axial tourbillon remains the most complicated tourbillon from GP. It consists of two nested tourbillon carriages with two different axes of rotation, which are then mounted onto a third rotating track that adds another dimension of rotation, resulting in the triple axis motion. Unsurprisingly, the tourbillon assembly is extremely complicated – it consists of almost 150 parts – and takes ...

Highlights: Unorthodox Sports Watches at Sotheby’s Hong Kong SJX Watches
Richard Mille Oct 1, 2022

Highlights: Unorthodox Sports Watches at Sotheby’s Hong Kong

Following our round up of independent watchmaking highlights at the Sotheby’s upcoming Important Watches I auction in Hong Kong, we now turn to something more conventional and even fashionable: high-end sports watches. But naturally we’re not going to run through the unorthodox examples that need no extra publicity (though one “hype” watch might have slipped in). Our selection of a half dozen includes an early Richard Mille and possibly a value buy, a IWC Big Pilot’s Watch Monopusher Edition that has an interesting and little known movement. Important Watches I starts at 10:00 am (GMT +8) on October 5, 2022. Registration for bidding and the full catalogue can be accessed here. The RM002-V2 Lot 2161: A. Lange & Söhne Odysseus An entirely new collection that debuted just in time for the modern brand’s 25th anniversary, the Odysseus is an outlier for a watchmaker that historically focused on high-end, classical watches. Though the Odysseus sports a design that’s unsurprising for Lange, it is the brand’s first watch with an integrated bracelet. More notably, the Odysseus was the first regular production Lange watch in steel. But we’re not here to talk about the heavily-hyped steel model, instead this is the model in white gold, which arguably offers more value than the steel version at market prices. The integrated-bracelet sports watch arena has long been dominated by the Royal Oak and Nautilus, so what makes the Odysseus a contender? The same characte...